According to the Ministry of Labour and Employment, the All-India Consumer Price Index (AICPIN) numbers for the half year ending December 2023 indicate a increase of 61 slabs in Dearness Relief (DR) for RBI / bank pensioners. A 4-point increase in index translates to one slab.

The increase of 61slabs gives 4.27% rise in Pension. Now Dearness relief is 48.51% of basic Pension as depicted in the chart below.

This rise in DR is primarily due to food inflation, which has been affecting everyone in recent months. The cost of essential food items like vegetables, dals, and cooking oil has gone up considerably, impacting household budgets.
There is no increase for in-service employees.